Taking YPF From Repsol Has Only Made Argentina's Energy Problems Worse

Taking YPF from Repsol has only made Argentina's Energy Problems Worse

Argentina’s decision to nationalise YPF – a subsidiary of Spanish energy company Repsol – has been met by international disapproval; though the Argentine government insists that the move had been necessary in order to meet its energy needs. Yet this may not turn out to be the case, particularly with investment in exploration greatly reduced.The expropriation of nearly all of the Spanish company Repsol’s stake in Argentina’s energy producer YPF, announced in a vehement speech by President Cristina Fernández de…